Characteristics of the New Economy
Can you identify the wave that is changing the New Economy?
Due to high land costs, rental will continue to increase, and manpower costs will also increase due to higher education of our workforce, many jobs will become redundent. Do you still want to pick cardboard boxes and disposed drink cans? It will not be feasible anymore unless you have no choice. That is also the reason we cannot afford to have Destructive competition, and an intimate knowledge of the markets will ensure your survival and a maximum ROI for your investments. Everyone wants to work smart and get multiple incomes rather than the old skills of the old Economy.
Due to improved manufacturing process it might not be feasible to repair your appliances and devices anymore. How much does a simple mobile cost nowadays? $30? And if you buy a $30 mobile and it develops problems after 1 year will you sent it for repairs? It might not be cost effective. Same goes for your TV sets, LCD monitors, and fans but may not be for refrigerators and washing machines as they are bulky items. Even computer repair will become expensive and time consuming and the repairman may just replace your spoilt cpu with a working set as the costs for troubleshooting may become too high. Do you think there is any value in used cpu systems anymore when you need a new licence to recover the OS? It is worthless as parts, only a full working system there is some value left. If you want someone to remove your old computers you may have to pay for it. Lifespan for my Telefunken TV set 20 years ago is about 10 years but nowadays TV only last for 5 years, even your computer CPU only last typically for 2-3 years today, how can you tell the lifespan of a used product? The same goes for the car market, where typically a manufacturer will keep supporting spare parts for up to 15 years the lifespan of a car, beyond that you cannot find anymore spareparts. The good old days of a global dominence of just a few models of cars is over, now manufacturers make less cars than before but with higher sophistication and lower costs. The recycling business is due for a great change as the throwaway society will present a great opportunity for those who can extract the value from these items, to repair and for recycling. Even used oil for cooking can be collected to refine into biodiesel, how many people are ready to takeup these opportunities?
PS : With the Internet, information is passed on in lightning speed, for survival most will stay away from Destructive competition but there are others because of their greed for profits try to take advantage of consumers, but consumers are not stupid, do you see fruits being sold for 3 for $2 suddenly increase 300% to $2 each without reason? This is profiteering unless there are disruptions to the supply chain or poor harvest. There are so many ways to make money but one must be ethical or you will suddenly find all your customers disappear.
– Contributed by Oogle.